WALLA WALLA, WASHINGTON - (September 16, 2008), NetMore America, Inc. (?NetMore?), an expanding mortgage lender, announced today the hiring of Scott Holtz as Regional Vice President Eastern Region to help manage the Company?s growth and move NetMore?s objective of building a national sustainable lending platform forward. Mr. Holtz joins NetMore with more than 24 years of mortgage industry experience and proven accomplishments in building sales teams and branch operations. In his new position, Mr. Holtz is being charged with attracting high quality mortgage brokers, expanding production volumes and market share while providing best-in-class service. "We are extremely pleased to have Scott become part of the NetMore team,? commented Mark Freedle, President and CEO of NetMore. ?Scott has significant experience working with top industry talent and building sustainable business partnerships. In addition, he will provide market knowledge, key relationships and leadership skills to help NetMore expand its lending footprint quickly across the Eastern region of the U.S. that will enable NetMore and our lending partners to operate more efficiently and profitably.? Mr. Holtz has a highly successful track record in sales, building sales teams, branch operations and growing existing markets in both the wholesale and correspondent channels. Prior to joining NetMore, Mr. Holtz was Senior Vice President of Cornerstone Mortgage Company and was responsible for recruiting top producing loan officers and production teams. Previously, Mr. Holtz worked for over 10 years at Countrywide Financial Corporation, most recently as Vice President and Regional Manager, and over 10 years at Lomas & Nettleton Financial Corporation. Mr. Holtz, who lives in the Dallas area, will lead the Eastern region, which encompasses Texas, Oklahoma, Kansas, Nebraska, North and South Dakota and all states to the East of that line. ?NetMore is a next generation mortgage banker who is taking the learnings of the past and utilizing best practice strategies to build a sustainable national lending platform,? commented Mr. Holtz. ?We see mortgage brokers as an underserved and undervalued origination source and we will focus on this opportunity in order to quickly and successfully extend NetMore?s national footprint East.? About NetMore America NetMore America is a next generation mortgage leader building a sustainable national platform through responsible lending. The Company was founded in 2006 and has expanding retail and wholesale mortgage originations channels. NetMore?s product mix is currently 40% FHA and 60% agency loans. NetMore currently has approximately 150 employees and is based in Walla Walla, Washington, with an operations center located in Clackamas, Oregon. For more information on NetMore please visit www.netmoreamerica.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, the results of capital raising efforts, conditions in the residential lending market, regulatory changes pertaining to the mortgage industry, interest rates, general trends in the housing markets, the impact of competition, and other risks. NetMore undertakes no obligation and has no intention of updating forward-looking statements. MEDIA CONTACT: John Lovallo Lovallo Communications Group Telephone: 203-431-0587 Cell 203-526-6371 Email: [email protected]
